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From Traditional Finance to Defi, a Tutorial for beginners

The traditional financial industry is centralized finance. For example, the exchanges where we often buy and sell stocks, the central bank that provides us with USD, and various banks that provide us with loans or deposits, etc. The nature of these functions is centralized, and there is also a reliable third-party guarantee.

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Source: https://medium.com/cryptocurrencies-ups-and-down/from-traditional-finance-to-defi-a-tutorial-for-beginners-e53bb00dce6?source=rss——cryptocurrency-5

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